New York — Cushman & Wakefield and DTZ have successfully completed their merger.
- Published in The Latest News
New York — Cushman & Wakefield and DTZ have successfully completed their merger.
Brussels — Ahold and Delhaize — two European grocery giants with strong holdings in the U.S. market — have agreed to merge the two companies.
Washington — Madison Marquette has hired John Elliott as the company's new CFO/chief administrative officer.
Chicago — NorthPoint Capital Funding Inc., one of the NorthPoint Capital group of companies, has hired Charles Krawitz as chief operating officer.
San Diego — Mary Tsionas has joined OliverMcMillan as regional director of leasing, reporting to Jeff Zeigler, senior managing director of retail services.
San Diego — Ed Colson Jr. and Michael Campbell have opened InvestCore Commercial, a boutique investment advisory firm focused on net leased investments. The new office is located at 3910 West Point Loma in San Diego.
Cincinnati – Phillips Edison & Co. (PECO) will separate its strategic investment and net lease investment business units from its grocery-anchored shopping center business. The new standalone company will be called PECO Real Estate Partners (PREP).
Plymouth, Minn. — Mid-America Real Estate Corporation’s has brokered the sale of Waterford Park Plaza in Plymouth. Cincinnati-based Phillips Edison purchased the 127,586-square-foot grocery-anchored center for $19.5 million from Plymouth-based Provident Real Estate Ventures LLC.
Chattanooga, Tenn. — Colliers International has arranged the $4.4 million sale of Gunbarrel Place, a 38,250-square-foot shopping center located near Hamilton Place Mall in Chattanooga.
Cincinnati — Cincinnati-based Phillips Edison & Company has sold five shopping centers totaling 583,000 square feet to Albanese Cormier Holdings.
Atlanta — Restaurant Brands International Inc. (RBI) (NYSE: QSR) has agreed to acquire Atlanta-based Popeyes Louisiana Kitchen Inc. (NASDAQ: PLKI) for $1.8 billion.
Beverly Hills, Calif. — Sterling Organization has received $12.1 million in financing for the acquisition of a vacant 4,700-square-foot retail building located on North Beverly Drive in Beverly Hills.
New Brunswick, N.J. — Saxum Real Estate has purchased a vacant retail building, located at 37 Easton Ave. in Brunswick, for an undisclosed price.
Published 12 times per year, Shopping Center Business is the leading monthly and only business magazine for the shopping center industry, providing news and information on industry trends and issues. The magazine focuses…
North Bergen, N.J. — Cushman & Wakefield has arranged the $19 million sale of a shopping center located at 2819 JFK Blvd. in North Bergen, roughly 10 miles outside New…
Hoover, Ala. — Colliers International has arranged the $12 million sale of a 50,000-square-foot Field & Stream store located in the Birmingham suburb of Hoover.
Pooler, Ga. — L Star Communities, master developer of the 2,588-acre Savannah Quarters development in Pooler, has broken ground on a new Publix store.
Omaha, Neb. — The Lerner Co. has completed the retenanting of the vacant Kmart building at Eagle Run Shopping Center in Omaha.
Glen Burnie, Md. — Institutional Property Advisors (IPA), a division of Marcus & Millichap, has arranged the $18.4 million sale of Cromwell Field Shopping Center, a 233,486-square-foot retail property located…
Wayzata, Minn. — NorthMarq Capital has arranged a $7.2 million loan for the acquisition of a building leased to Walgreens in Wayzata, 13 miles west of Minneapolis.
Surprise and Glendale, Ariz. — Calgary, Alberta-based Triumph Real Estate Investment Fund has acquired two shopping centers in metro Phoenix for $7 million.
Reisterstown, Md. — Robyn Properties has acquired Reisterstown Village Shopping Center, a 21,685-square-foot retail property located in Reisterstown, roughly 25 miles outside Baltimore.
Santa Monica, Calif. — The first day of the third annual Entertainment Experience Evolution conference kicked off with a question: “Who ever thought we would have to sit here and…
Philadelphia — Philadelphia-based PREIT has proactively replaced Sears at three of its malls in Pennsylvania, Michigan and South Carolina.
Austin, Texas — The Travis County Commissioners Court has approved Blakefield LLC’s plans to develop Thomas Ranch, a 2,200-acre master-planned community off Highway 71 and Paleface Ranch Road in Western…
Monticello, N.Y. — A joint venture between Heidenberg Properties Group, Strategic Real Estate Partners and Norse Realty Group has acquired Thompson Square Shopping Center in Monticello.
Upland, Calif. — Hanley Investment Group Real Estate Advisors has arranged the $17.2 million sale of Upland Village, a 60,857-square-foot shopping center located in Upland.
Las Vegas — Agora Realty and Management has acquired a 100,856-square-foot, Smart & Final-anchored shopping center located in Las Vegas for $10.3 million.
Aurora, Ill. — Adelphia Properties has negotiated the sale of a multi-tenant retail building in Aurora for $5.2 million.
Warrenville, Ill. — Quantum Real Estate Advisors Inc. has arranged the sale of Cantera Commons, a shopping center comprised of two multi-tenant buildings located roughly 30 miles outside Chicago in…
Chattanooga, Tenn. — Chattanooga-based CBL & Associates Properties Inc. has promoted Katie Reinsmidt to the position of CIO.
San Marcos, Calif. — HFF has secured a $92 million refinancing for Grand Plaza, a 356,796-square-foot power center located roughly 35 miles outside San Diego in San Marcos.
Southaven, Miss. — Conn’s HomePlus has sold Stateline Square, a 219,914-square-foot retail center located in the Memphis suburb of Southaven, Mississippi.
St. Cloud, Fla. — Kite Realty Group Trust has sold Publix at St. Cloud, a 78,779-square-foot shopping center located in the Orlando suburb of St. Cloud.
Oak Brook, Ill. — Samantha Spinell Schnell has joined IRC Retail Centers as director of leasing.
Banning, Calif. — Marinita Development Co. has broken ground on Phase II of Sun Lakes Village Shopping Center, a 95,000-square-foot shopping center located in Banning, California.
St. Peters, Mo. — Knoebel Construction Inc. has broken ground on the Shoppes at Mid Rivers in St. Peters.
Auburn, Ala. — Colliers International has arranged the $14.4 million sale of The Crossroads of Opelika, a 33,378-square-foot shopping center located in Auburn.
Pembroke Pines, Fla. — InvenTrust Properties Corp. has acquired Paraiso Parc and Westfork Plaza retail centers in Pembroke Pines for $163 million.
Philadelphia — HFF has secured permanent financing for the retail portion of Rodin Square, a 79,233-square-foot mixed-use development located in the City Center district of Philadelphia.
Oceanside, Calif. — Cushman & Wakefield has arranged the $14.2 million sale of Best Plaza, a 65,211-square-foot shopping center located roughly 38 miles outside San Diego in Oceanside.
Salt Lake City — CBL & Associates Properties Inc. has announced that Dillard’s will open a new store in the former Macy’s location at Layton Hills Mall in Salt Lake…
Easton, Pa. — Phillips Edison has acquired Palmer Town Centre, a shopping center located in Easton, for $32.3 million.
Elyria, Ohio — Integra Real Estate Capital has arranged a $17.5 million bridge loan for the acquisition of Midway Market Square in Elyria, located roughly 23 miles west of Cleveland.
Allen, Texas — Vestar has acquired Twin Creeks Marketplace, a grocery-anchored shopping center located in Allen, roughly 25 miles outside Dallas.
Atlanta — The Related Group has selected Balfour Beatty U.S. to construct a multi-level Whole Foods Market store in Midtown Atlanta.
Huntsville, Ala. — Topgolf has confirmed Huntsville as its second location in Alabama.
Tucson, Ariz. — Cushman & Wakefield has arranged the $4.2 million sale of a 3,616-square-foot Raising Cane’s restaurant located in Tucson.
Avon, Ohio — Marcus & Millichap has arranged the sale of Center Plaza in Avon, about 20 miles west of Cleveland, for $4.4 million.
Chattanooga, Tenn. — Chattanooga-based CBL & Associates Properties Inc. has closed on a sale-leaseback transaction for five Sears department stores and two Sears Auto Centers located at CBL-owned malls for…
Las Vegas — A joint venture between TH Real Estate and Fairbourne Partners has acquired Town Square, a 1.1 million-square-foot lifestyle center comprised of 26 buildings in Las Vegas.
Collinsville, Ill. — Integra Real Estate Capital has negotiated a $3.2 million non-recourse loan for the acquisition of Orchards Shopping Center in Collinsville, 15 miles east of St. Louis.
Dallas, Texas — Hanley Investment Group has arranged the sale of a 3,377-square-foot Just Brakes location in Dallas, Texas.
Atlanta — Batson-Cook Development Co. (BCDC) has formed a joint venture partnership with Regent Partners LLC to acquire a parcel in the Buckhead financial district of Atlanta and develop a…
Los Angeles — CBRE has arranged the $13.3 million sale of Silver Lake Collection, a 10,497-square-foot, street-front retail property located along Sunset Boulevard in the Silver Lake neighborhood of Los…
Casa Grande, Ariz. — Marcus & Millichap has arranged the $2 million sale of a 7,441-square-foot Olive Garden located in Casa Grande.
Glenview, Ill. — Baum Realty Group LLC has arranged the sale of a retail building in Glenview, a suburb of Chicago, for $1 million.
Owings Mills, Md. — Three new eateries are set to open at Foundry Row, a $140 million retail development located roughly 20 miles outside Baltimore in Owings Mills.
Jackson, Miss. — Jackson-based Newk’s Eatery has signed six new area development agreements that will add more than 40 restaurants to the brand’s regional footprint.
New York City — Following a turbulent year in 2016, the U.S. economy and property markets are positioned to perform well in 2017, according to Cushman & Wakefield’s U.S. Macro…
Livonia, Mich. — Schostak Brothers & Co. Inc., a metro Detroit-based real estate investment firm, has purchased a portfolio of six retail properties adjacent to Walmart Supercenters in Mississippi, Louisiana…
San Francisco — A partnership between Blatteis & Schnur and Morgan Stanley Real Estate Investing has acquired the 250,000-square-foot Macy’s Men’s Store located on Union Square in San Francisco for…
Columbus, Ohio — Limited Stores LLC, parent company of women's fashion apparel retailer The Limited, has filed for Chapter 11 bankruptcy protection.
Normal, Ill. — A joint venture between ALTO Real Estate Funds and M & J Wilkow Ltd. has acquired The Shoppes at College Hills and The Plaza at College Hills, a…
Bakersfield, Calif. — A joint venture between C & C Properties Inc. and MarkChris Investments has announced the redevelopment of East Hills Mall in Bakersfield, roughly 110 miles north of…
New York City — Forest City Realty Trust, in partnership with Madison International Realty, has completed the disposition of Shops at Bruckner Boulevard, a specialty retail center located in the…
Virginia Beach, Va. — Wegmans plans to open a new 130,000-square-foot grocery store at Town Center of Virginia Beach.
Chicago — Mid-America Real Estate Corp. has arranged the $81 million sale of 3030 North Broadway, a 137,618-square-foot shopping center located in the Lincoln Park neighborhood of Chicago.
North Palm Beach, Fla. — The Shopping Center Group and Avison Young have teamed up to broker the $12.6 million sale of Northlake Promenade Shops, a nearly 83,000-square-foot shopping center…
Savannah, Ga. — Myrtle Beach, South Carolina-based Burroughs & Chapin has acquired an 8,800-square-foot retail property on Broughton Street in Savannah.
Atlanta — Atlanta-based Bull Realty has arranged the $5.5 million sale of three retail properties totaling nearly 21,000 square feet in Atlanta’s Grant Park neighborhood.
Mableton and Lawrenceville, Ga. — Avison Young has arranged the sale of two shopping centers located in metro Atlanta.
In retail, nothing remains the same for long. A century ago, America saw the rise of mega department stores as category killers. In the middle of the 20th Century, regional malls were beginning their rise. That…
Campbell, Calif. — Ellis Partners has broken ground on the multi-phased renovation of The Pruneyard, a 27-acre mixed-use shopping center in the Silicon Valley city of Campbell.
Chicago — Invesco has sold Broadway at Surf, a 134,285-square-foot, grocery-anchored shopping center located between Chicago’s Lincoln Park and Lakeview neighborhoods.
San Francisco — Mesa West Capital has provided $16 million in financing for a 12,281-square-foot Disney Store in San Francisco.
Providence, R.I. and Portland, Maine — Horvath & Tremblay has arranged the sale of two retail properties in Rhode Island and Maine.
Monaca, Pa. and Beckley, W.Va. — PREIT has sold the company's two remaining non-core malls in Pennsylvania and West Virginia for a combined total of $49 million.
Naperville, Ill. — Retail Properties of America Inc. (RPAI) has acquired Main Street Promenade, a 182,000-square-foot mixed-use development located 30 miles from Chicago in Naperville.
Cleveland, Tenn. — Wicker Park Capital Management LLC has acquired Cleveland Towne Center, a 152,839-square-foot regional power center located in the Chattanooga suburb of Cleveland.
Holyoke, Mass. — HFF has arranged the $33.3 million sale of Holyoke Crossing, a 140,361-square-foot retail power center located in the Springfield suburb of Holyoke.
Lake Elsinore, Calif. — Civic Partners has received approval for the development of Artisan Alley at the Diamond, a mixed-use project located in Lake Elsinore.
Tampa, Fla. — Tampa-based Plaza Advisors has arranged the $51 million sale of three Publix-anchored shopping centers located in Florida and Alabama.
Zanesville, Ohio — Time Equities Inc. has acquired Colony Square, a 425,430-square-foot enclosed regional mall located in Zanesville, for $31.5 million.
Rowlett, Texas — Bayside Land Partners, a partnership between Kent Donahue and Wilks Development, is developing Bayside, a $1 billion master-planned project encompassing 262 acres in the Dallas suburb of…
San Marcos, Calif. — Lee & Associates has arranged the $73.4 million sale of Campus Marketplace, a 144,148-square-foot shopping center located roughly 35 miles outside San Diego in San Marcos.
Warren, N.J. — The Klein Group and Sterling Properties Group have received a $17.5 million refinancing for Warren Village Shopping Center, a 61,838-square-foot shopping center located roughly 35 miles outside…
Royston, Ga. and Summerville, S.C. — Wheeler Real Estate Investment Trust Inc. has acquired two BI-LO-anchored shopping centers located in Georgia and South Carolina.
Los Angeles — California Realty Group has arranged the $23 million sale of an 8-acre shopping center located in the Los Angeles neighborhood of Granada Hills.
Salem, Ind. — Rafinia Property Group has acquired Riverside Shops of Salem, a 50,000-square-foot retail center located in Salem, for $3 million.
Los Angeles — Kilroy Realty Corp. has purchased The Sunset, a 179,000-square-foot mixed-use development in the West Hollywood submarket of Los Angeles, for $210 million.
Birmingham, Ala. — Bank of America has funded the refinancing of The Summit, a 1 million-square-foot trophy retail development in Birmingham.
Austin, Texas — RD Management LLC has acquired Shops at Tech Ridge, a 504,153-square-foot shopping center located in Austin.
Wellington, Fla. — HFF has arranged the $19.4 million sale of the Shoppes of Wellington Green, a 130,836-square-foot shopping center located in the Palm Beach County community of Wellington.
Los Angeles — Newmark Realty Capital Inc. has secured two refinance loans totaling $21.9 million for five retail buildings in Los Angeles.
Cincinnati — Hines Global REIT II has acquired Rookwood Pavilion and Rookwood Commons in Cincinnati.
Boca Raton, Fla. — Following last week’s announcement of massive store closures by Macy’s and Sears, The Limited is following suit, announcing over the weekend the closure of all its remaining…
Alexandria, Va. — The Howard Hughes Corp. has purchased a Macy’s store and parking field at Landmark Mall in Alexandria for an undisclosed price.
Scottsdale, Ariz. — Regency Centers L.P. has sold Pima Crossing, a 283,275-square-foot shopping center located in Scottsdale, for $46.2 million.
Etters, Pa. — KLNB has arranged the $17 million sale of Newberry Commons, a 246,000-square-foot shopping center located roughly 17 miles outside Harrisburg in Etters.
Edmond, Okla. — ShowBiz Cinemas has announced plans to open a new family entertainment center in Edmond, Oklahoma.
Clermont, Fla. — Grandbridge Real Estate Capital has secured a $5 million refinancing for Oakley Square Shopping Center, a 30,218-square-foot retail center located roughly 23 miles outside Orlando in Clermont.
Cebu, Philippines — Lifescapes International has completed the landscape design of Robinsons Galleria, a 380,485-square-foot mixed-use development located in Cebu.
Charlottesville, Va. — O’Connor Capital Partners has acquired The Shops at Stonefield in downtown Charlottesville, near the University of Virginia, for $121.1 million.
Reisterstown, Md. — Greysteel has arranged the $19.9 million sale of Chartley Park-Landmark Shopping Center, a 144,000-square-foot retail property located in Reisterstown.
Shorewood, Wis. — Mid-America Real Estate Corp. has arranged the sale of a 90,320-square-foot Metro Market located roughly five miles from Milwaukee in Shorewood.
Gladstone, Mo. — HFF has arranged the sale of Prospect Plaza, a 190,006-square-foot, grocery-anchored shopping center located in the Kansas City suburb of Gladstone.
Doral, Fla. — Publix Super Market has broken ground on a new location at Downtown Doral, a mixed-use development by master developer Codina Partners located roughly 15 miles outside Miami…
Cincinnati and Hoffman Estate, Ill. — Macy’s Inc. (NYSE: M) and Sears Holdings Corp. (NASDAQ: SHLD) both announced Wednesday plans to close a large number of department stores in an effort to…
Aurora, Ill. — HFF has secured a $100 million refinancing for Fox Valley Mall, a 1.4 million-square-foot enclosed regional mall located in the Chicago suburb of Aurora.
Flagstaff, Ariz. — Cypress Equities has acquired Flagstaff Mall, a 388,000-square-foot enclosed regional mall located in Flagstaff, Arizona.
Milwaukee — Marcus & Millichap has arranged the $22.2 million sale of a 53,875-square-foot Whole Foods Market located in Milwaukee.
Winchester, Va. — An affiliate of Baltimore-based Klein Enterprises has purchased Pleasant Valley Shopping Center, a 104,703-square-foot shopping center located at 2021-2065 S. Pleasant Valley Road in Winchester, for $15.9…
Macon, Ga. — Wheeler Real Estate Investment Trust Inc. has purchased Rivergate Shopping Center, a 205,811-square-foot, Publix-anchored development located in Macon.
North Palm Beach, Fla. — The Shopping Center Group and Avison Young have brokered the $12.6 million sale of Northlake Promenade Shoppes, an 82,966-square-foot, Publix-anchored shopping center in North Palm…
Moreno Valley, Calif. — HFF has secured a $7.3 million refinancing for Ironwood Plaza, a 56,289-square-foot shopping center located in the Inland Empire community of Moreno Valley.
Tempe, Ariz. — A joint venture between Opus Development Group LLC and Seventh Street Tempe AZ Manager LLC has begun construction on a mixed-use development located at the northwest corner…
Detroit — The Scott at Brush Park, a $65 million mixed-use development offering 199 luxury residential units and 15,000 square feet of retail space, has opened in Detroit.
Laredo, Texas — Marcus & Millichap has arranged the sale of Independence Plaza III, a 73,276-square-foot shopping center located in Laredo.
Stone Mountain, Ga. — HRE Citadel Square LLC, an affiliate of Highline Real Estate Capital, has acquired Citadel Square, a 50,878-square-foot shopping center located roughly 20 miles outside Atlanta in…
Maui and Kauai, Hawaii — TRC, formerly Terramar Retail Centers, is in the final phase of construction on two shopping centers located on the islands of Maui and Kauai in…
Bear, Del. — HFF has secured a $35 million refinancing for Governor’s Square Shopping Center, a 294,213-square-foot shopping center located in the Wilmington suburb of Bear.
Shorewood, Ill. — Mid-America Real Estate Corp. has arranged the sale of Shorewood Crossing, a 173,981-square-foot shopping center located roughly 45 miles outside Chicago in Shorewood.
Potomac, Md. — Carl M. Freeman Cos. has sold Cabin John Shopping Center and Mall in Potomac to EDENS.
Greenville, S.C. — Big V Capital LLC has acquired Haywood Plaza, a 93,357-square-foot shopping center located in Greenville, South Carolina.
San Francisco — San Francisco-based The Kase Group has arranged the sale of four Hardee’s properties located in Georgia and Alabama for $7 million.
Deerfield, Ill. and Camp Hill, Pa. — Walgreens Boots Alliance (NASDAQ: WBA) and Rite Aid Corp. (NYSE: RAD) have agreed to sell 865 Rite Aid stores and some assets related…
Germantown, Tenn. — Epic Real Estate Partners has acquired Shops of Forest Hill, a 343,855-square-foot community center located in the Memphis suburb of Germantown.
Washington, D.C. — Alamo Drafthouse Cinema is set to open its first location in Washington, D.C., at Bryant Street, a mixed-use project currently being developed by MRP Realty.
Menomonee Falls, Wis. — TJ Maxx is set to open a 23,496-square-foot location at Whitestone Station, a 67-acre mixed-use development located roughly 19 miles outside Milwaukee in Menomonee Falls.
Santa Monica, Calif. — Palisades Capital Partners has acquired a mixed-use property located at 631 Wilshire Blvd. in downtown Santa Monica for $33 million.
Nashua, N.H. — Linear Retail Properties has acquired two retail properties along the Daniel Webster Highway and Spit Brook Road in Nashua for $12.5 million.
Montgomery, Ala. — Jim Wilson & Associates LLC (JWA) plans to develop Eastchase Central, a shopping center in Montgomery that will be anchored by a roughly 40,000-square-foot Marshalls/HomeGoods store.
Atlanta — Third & Urban and Trillium Management plan to redevelop the former Western Electric Building in Atlanta.
Tomball, Texas — Santikos Entertainment is developing Northpointe Shopping Center, an entertainment-anchored retail center located roughly 30 miles outside Houston in Tomball.
Los Banos and Sacramento, Calif. — Continental Partners, formerly known as Continental Funding Group, has secured $21.4 million in refinancing for two shopping centers located in Sacramento and Los Banos.
Chicago — Chicago-based GGP has promoted Shobi Khan to president and COO.
New York City — PCCP LLC has provided a $47.1 million senior loan to a joint venture between Onyx Equities and KBS Capital Advisors for the redevelopment of 210 W…
Inglewood, Calif. — George Smith Partners has secured the $34 million refinancing of Crenshaw Imperial Plaza, a 305,000-square-foot mixed-use center located roughly 12 miles outside Los Angeles in Inglewood.
Raleigh, N.C. — CBRE | Raleigh has arranged the sale of Marketplace at Lake Boone, a 76,253-square-foot mixed-use development located at the intersection of Lake Boone Trail and Gateway Access…
Kansas City, Mo. — Flex Build has finished the renovation of Watts Mill Shopping Center in Kansas City.
Winchester, Va. — KLNB Retail’s investment sales group has arranged the $15.9 million sale of Pleasant Valley Marketplace, a 104,703-square-foot retail center located in Winchester.
Gainesville, Ga. — Franklin Street has arranged the $11 million sale of Robson Crossing, a Publix-anchored shopping center located in Gainesville, roughly 40 miles northeast of Atlanta and minutes from…
Atlanta — Atlanta-based Selig Enterprises Inc. has launched a new division known as Selig Development Corp., whose first development will be a $400 million mixed-use project located at 1105 W…
Falls Church, Va. — Phillips Realty Capital has arranged a $90 million permanent loan for West Broad Residences, a newly built seven-story mixed-use complex in Falls Church, roughly nine miles…
Lee’s Summit, Mo. — The Lee’s Summit City Council has approved the rezoning and preliminary development plan for The Grove at Lee’s Summit, a 1 million-square-foot, mixed-use project in Lee’s…
Benton Harbor, Mich. — Mid-America Real Estate Corp. has arranged the sale of Fairplain Plaza, a 273,254-square-foot shopping center located 50 miles west of Kalamazoo in Benton Harbor.
Oakland, Calif. — A joint venture between Western Avenue Capital and Northstar Enterprise Opportunity Fund I LP has acquired Foothill Square Shopping Center, a 120,000-square-foot retail center located in Oakland.
New York City — NorthMarq Capital has negotiated the $47.5 million refinance of a 250,000-square-foot Macy’s located in the Flushing area of Queens.
New Port Richey, Fla. — KeyBank Real Estate Capital has secured a $13.7 million CMBS loan for Trinity Village Shopping Center, an unanchored, 71,233-square-foot retail property built in 2007 in New…
Denver — Unum Life Insurance Company of America has provided a $13 million refinancing for the Denver Dry Goods Building, an 84,495-square-foot retail and office building located in downtown Denver.
Orange, Calif. — Paragon Commercial Group LLC has acquired Rusty Leaf Plaza, a 60,294-square-foot shopping center located roughly 30 miles outside Los Angeles in Orange.
Glen Cove, N.Y. — RXR Realty has broken ground on Garvies Point, a $1 billion waterfront redevelopment in the Long Island city of Glen Cove.
Nashville, Tenn. — Northwestern Mutual has provided $73 million in construction financing for Capitol View, a $750 million, 32-acre mixed-use development underway in Nashville’s North Gulch area.
Spring Hill, Tenn. — NorthMarq Capital has arranged a $28.8 million acquisition loan for The Crossings of Spring Hill, a 219,905-square-foot retail property located in Spring Hill, about 35 miles…
Mandeville, La. — Corporate Realty Inc. has arranged the sale of Northlake Shopping Center, a 166,371-square-foot shopping center located roughly 35 miles outside New Orleans in Mandeville.
Dallas, Texas — CBRE has arranged the sale of Sierra Vista Plaza, a 163,000-square-foot shopping center located in Dallas.
By: Randall Shearin, Editor-in-Chief of Shopping Center Business
Atlanta — Atlanta-based Ackerman & Co. has named Courtney Brumbelow senior vice president of Ackerman Retail.
Mahopac, N.Y. — Heidenberg Properties Group has received final site-plan approval for the renovation and expansion of Lake Plaza Shopping Center, located roughly 50 miles north of New York City…
Bensalem, Media and Lionville, Pa. — ECHO Realty Partners has acquired a portfolio of three grocery-anchored shopping centers located in metropolitan Philadelphia for an undisclosed sum.
Oxford, Miss. — Ziff Properties Inc. has acquired Oxford Marketplace, a 90,171-square-foot shopping center located in Oxford.
Glendale, Ariz. — Cushman & Wakefield has arranged the $14.8 million sale of Bell Tower Village, a 166,830-square-foot shopping center located in Glendale.
Arvada, Colo. — Hanley Investment Group Real Estate Advisors has arranged the sale of Arvada West Town Center, an 83,279-square-foot shopping center located roughly 11 miles outside Denver in Arvada.
Cambridge, Mass. — HFF has arranged $34.5 million in first mortgage financing for Alewife Brook Parkway Shopping Center, a 47,004-square-foot retail center located roughly three miles outside Boston in Cambridge.
Santee, Calif. — Pacific Castle has completed the disposition of Santee Town Center, a 120,000-square-foot shopping center located roughly 18 miles outside San Diego in Santee.
Chesterfield, Va. — S2 Capital Partners LLC has purchased Stonebridge Shopping Center, an 8.1-acre retail property located in Chesterfield, a suburb of Richmond.
Bridgewater, N.J. — Regency Centers Corp. is set to begin construction on Chimney Rock, a $70 million retail development located in Bridgewater.
New York City — Nike Inc. is set to open a new 69,214-square-foot, seven-story location at 650 Fifth Avenue in New York City.
Watertown, Mass. — Boylston Properties and The Wilder Companies have announced plans for the redevelopment of The Arsenal Project, an enclosed regional mall located roughly eight miles outside Boston in…
Forest Park, Ohio — Phillips Edison & Co. is set to begin the redevelopment of Civic Center Shopping Center, an 87,757-square-foot shopping center located in the Cincinnati suburb of Forest…
Los Alamitos, Calif. — A joint venture between Lincoln Property Co. and Long Wharf Real Estate Partners LLC is set to begin construction on Village 605, a 113,880-square-foot shopping center…
Laguna Beach, Calif. — Marcus & Millichap has arranged the $19.7 million sale of a 34,478-square-foot Gelson’s Market located along the Pacific Coast Highway in Laguna Beach.
City of Live Oak, Texas — IKEA has submitted plans to the City of Live Oak for the development of a new store, which will be the company’s fifth location…
Charlotte, N.C. — The Retail Brokers Networks (RBN), one of the nation’s largest retail real estate networking groups, has announced the formation of a new executive committee to help facilitate…
Hanover, Mass. — PECO Real Estate Partners has acquired The Hanover Mall, a 732,101-square-foot enclosed regional mall located roughly 25 miles outside Boston in Hanover, from CW Capital.
Miami, Fla. — Cushman & Wakefield has arranged the $11.4 million sale of Plaza 8, a 53,428-square-foot mixed-use center located in Miami.
Norton, Va. And Siler City, N.C. — Big V Capital LLC has acquired a two-property retail portfolio located in Virginia and North Carolina for $4 million.
Lino Lakes, Minn. — Marcus & Millichap has arranged the $3.2 million sale of Lino Lakes Marketplace in Lino Lakes, a northern suburb of the Twin Cities.
West Chester, Ohio — Scott Street Properties has broken ground on a retail development about 25 miles north of Cincinnati in West Chester.
Sacramento, Calif. — CBRE has arranged the $42.1 million sale of Southgate Plaza, a 339,369-square-foot shopping center located in Sacramento, to NewMark Merrill Cos. LLC.
Denton, Texas — HFF has secured $32.5 million in acquisition financing for Rayzor Ranch Marketplace, a 641,000-square-foot retail power center located in the Dallas-Fort Worth area community of Denton.
Greensburg, Pa. — The Kase Group has arranged the $4.3 million sale of two outparcels occupied by Applebee’s and Longhorn Steakhouse at Westmoreland Mall in Greensburg.
Ottumwa, Iowa — Mid-America Real Estate Corp. has arranged the sale of Quincy Plaza, a 137,389-square-foot retail center in Ottumwa, southeast of Des Moines, for $5.5 million.
Orlando, Fla. — Hold-Thyssen Inc. has arranged the $3.7 million sale of Mid Point Plaza, a 21,816-square-foot retail strip center located in Orlando.
Hilton Head, S.C. — Grandbridge Real Estate Capital has closed a $38 million loan for the refinancing of Shelter Cove Towne Centre, a 271,721-square-foot lifestyle and grocery-anchored shopping center in…
Crystal Lake, Ill. — Mid-America Real Estate Corp. has arranged the sale of a 66,066-square-foot portion of Bohl Farm Marketplace, a shopping center located in the northwest Chicago suburb of…
Pittsburgh — A joint venture between ALTO Fund II and M & J Wilkow Ltd. has acquired Plaza at the Pointe, a 149,943-square-foot shopping center located in Pittsburgh’s Parkway West…
Mishawaka, Ind. — The Boulder Group has arranged the $9 million sale of a net leased Best Buy property located in Mishawaka.
Angola, Ind. — The Cooper Commercial Investment Group has arranged the $3.7 million sale of Tri-State Commons, a shopping center located approximately 40 miles north of Fort Wayne in Angola.
Milwaukee — Marcus Theatres, a division of The Marcus Corp., has acquired the assets of St. Louis-based Wehrenberg Theatres in four Midwestern states.
Chicago — Thor Equities has closed on the sale of 26-34 S. State St. in Chicago for $44.2 million.
Orlando, Fla. — Equinox Development Properties Inc. plans to develop an $18 million retail project located at the corner of Kirkman Road and Raleigh Street in Orlando’s MetroWest area.
Brookfield, Wis. — A partnership between HSA Commercial Real Estate and Innovative Capital Advisors has acquired the 217,346-square-foot Brookfield Fashion Center in Brookfield, a western suburb of Milwaukee.
Los Angeles and San Francisco — CBRE Global Investment Partners has acquired a 45 percent stake in a $1.5 billion portfolio of 55 retail assets located on the West Coast.
Allentown, Hawley, Duryea and Hamlin, Pa. — Eastern Union Funding has arranged $12.2 million in acquisition financing for the purchase of a five-property shopping center portfolio located in Pennsylvania.
Rancho Cucamonga, Calif. — Cohen Financial has secured an $8.9 million loan for Town Center Square, a 60,553-square-foot shopping center located roughly 40 miles outside downtown Los Angeles in Rancho…
San Diego, Calif. — San Diego-based OliverMcMillan has named Michael O’Hanlon COO and promoted two executives.
New York City — New York City-based Integra Realty Resources (IRR) has tapped economist Hugh Kelly to lend his expertise to the company’s “Viewpoint 2017 Commercial Real Estate Trends Report.”
Waco, Texas — BH Properties has completed the disposition of Waco Commons, a 128,769-square-foot shopping center located in Waco.
Lockport, Ill. — The Boulder Group has arranged the sale of a single-tenant property net leased to US Bank in Lockport, 30 miles southwest of Chicago, for $2.1 million.
Grand Forks, N.D. — Marcus & Millichap has arranged the sale of a property net leased to Caribou Coffee and Einstein Bros. Bagels in Grand Forks for $1.8 million.
New York City — Clarion Partners has received $200 million in financing for a nine-property portfolio comprising multi-housing, industrial and retail properties in six states throughout the U.S.
Palatine, Ill. — Quantum Real Estate Advisors Inc. has arranged the sale of a 42,588-square-foot retail center in Palatine, a northwestern suburb of Chicago, for $4.5 million.
Alexandria, Va. — Marcus & Millichap has arranged the $3.4 million sale of a 5,790-square-foot retail property occupied by Chili’s Grill & Bar in Alexandria.
Fairfax, Va. — HFF has secured a $72 million refinancing for Plaza at Landmark, a 437,299-square-foot, grocery-anchored regional power center located in Fairfax.
Buena Park, Calif. — M+D Properties will open the 400,000-square-foot retail and entertainment component of The Source, a 600,000-square-foot mixed-use development located in Buena Park, early next year.
Morristown, N.J. — NAI James E. Hanson has arranged the acquisition of a 22,000-square-foot property occupied by Whole Foods Market in Morristown.